HST New Housing Rebate
Gianpiero (GP) Di Palma and his team of qualified and professional real estate agents service areas include: All of Toronto and the GTA, Peel Region, Halton Region, Hamilton, Durham Region, York Region, Wellington County, Brant County, Niagara Region, Waterloo Region, Grey County, Dufferin County, Simcoe County, Simcoe Region, Kawartha Lakes, Peterborough County, Nipissing District, Muskoka Region, and others. Neighbourhoods & communities we serve: Ajax, Alderwood, Alliston, Ancaster, Angus, Annex, Armour Heights, Aurora, Barrie, Bayview Village, Beamsville, Beaverton, Binbrook, Bloor West Village, Bolton, Bond Head, Bracebridge, Bradford, Bridal Path, Brock, Burlington, Caledon, Tottenham, Beeton, Bond Head, Caledonia, Cannington, Casa Loma, Chinatown, Churchill Meadows, Clarkson, Clanton Park, Cobourg, Collingwood, Concord, Cooksville, Credit Mills, Credit Pointe, Creditview, Danforth Village, Don Mills, Don Valley Village, Downsview, Dundas, East Credit, East York, Elora, Erin, Erin Mills, Essa, Etobicoke, Fairview, Fergus, Forest Hill, Georgetown, Georgina, Grand Valley, Gravenhurst, Grimsby, Guildwood, Guelph, Halton Hills, Hamilton, Harbourfront, High Park, Hoggs Hollow, Horseshoe Valley, Hurontario, Huntsville, Innisfil, Keswick, King, King City, Kleinburg, Lakeview, Lawrence Manor, Lawrence Park, Leaside, Leslieville, Liberty Village, Lincoln, Lisgar, Little Italy, Little Portugal, Long Branch, Lorne Park, Loretto, Maple, Markham, Markland Wood, Meadowvale, Meadowvale Village, Midhurst, Midland, Millbrook, Mimico, Mineola, Mississauga Rd, Mississauga Valleys, Moore Park, Mount Dennis, Muskoka, New Toronto, Newmarket, Niagara Falls, Niagara-on-the-Lake, Nobleton, North Toronto, North York, Oak Ridges, Oakville, Orangeville, Orillia, Oro-Medonte, Oshawa, Parkdale, Penetanguishene, Pickering, Port Credit, Port Hope, Port Perry, Puslinch, Ramara, Rathwood, Richmond Hill, Riverdale, Roncesvalles, Rosedale, Rattray Marsh, Scarborough, Schomberg, Shelburne, Sheridan, Smithville, South Riverdale, Springwater, St. Catharines, St. Lawrence Market, Stayner, Stoney Creek, Streetsville, Sunnyside, Swansea, The Beaches, The Junction, The Kingsway, The Queensway, Thornhill, Tiny, Tottenham, Trinity Bellwoods, Vaughan, Wasaga Beach, Welland, Weston Village, Whitby, Whitchurch-Stouffville, Willowdale, Woodbridge, York, York Mills, Yorkville.
384 Winfield Terrace, Mississauga, Ontario, L5R 1N8
Main Office: 800-704-2334
Fax: 416-987-4920
Email: newworld2000realty@gmail.com
Gianpiero (GP) Di Palma
New World 2000 Realty Inc. Brokerage Broker of Record
3149 15th Sideroad, Beeton, Ontario L0G 1A0
Direct: 416-417-8790
Office: 647-951-7355
Main Office: 800-704-2334
Email: gpdipalma@gmail.com
The HST New Housing Rebate program allows you to claim a rebate on part of the HST you pay on the purchase price of either a newly constructed home or cost of building the home. You can claim a rebate on a newly renovated home, a purchase of a new mobile home, or when your home is destroyed in a fire and is subsequently rebuilt.
The purchase price of resale homes are exempted from the HST whereas the purchase price of newly constructed homes are subject to HST.
New home buyers can apply for a 36% rebate on the federal portion of the HST of the purchase price to a maximum of $6,300 for homes costing $350,000 or less. For new homes priced at $350,000 to $450,000 the rebate will be reduced proportionately. Homes priced over $450,000 would not receive a rebate on the federal portion of the HST.
For the provincial portion of the HST, new home buyers can apply for a 75% rebate applicable to the purchase price to a maximum of $24,000.
